Great topic. We all basically know that a FICO score measures how creditworthy an individual is. The higher the score the better your credit—and the more likely you are to get loans and get better interest rates on those loans.  Lenders—banks, credit card companies, mortgage lenders—lean heavily on it when they are deciding whether or not to give you a loan. Scores range between 300 and 850.  Anything above 650 is good, but anything below 620 will make it difficult to receive money at a favorable interest rate. The average score, by the way, is 664.

PLAY AUDIO

Also On Black America Web:

Add Your Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

×
Follow

Get every new post delivered to your Inbox.

Join 3,816 other followers